The Solana price has been correcting for a period of two weeks. The rise over the last two days has brought $SOL back to $100. Where does the price go from here?
With practically all eyes on bitcoin and the probable impending approval of a Spot ETF, most of the altcoins maybe aren’t feeling the love right now. Bitcoin dominance has been accelerating its trend higher since late December, and altcoins have suffered accordingly.
$SOL corrects against $BTC pair
However, there are a few altcoins with very strong fundamentals that are starting to buck the trend. Solana (SOL) is one of these.
Source: Trading View
Zooming right out on the weekly time frame it can be seen that $SOL has been steadily moving up against its $BTC pair since mid 2023. However, the price met with resistance during the Christmas week, and a steady decline followed. Now, perhaps having found a bottom at an equally strong support, this could be the time for $SOL to begin to take the initiative from $BTC again, espec
We współpracy z: https://cryptodaily.co.uk/2024/01/solana-sol-ready-to-take-spotlight-from-bitcoin-btc
